Open for Questions: Credit Card Reform
Austan Goolsbee of the President’s Council of Economic Advisers answers questions about credit card reform submitted live and in advance through CreditCards.com
Duration : 0:27:16
25 Responses to “Open for Questions: Credit Card Reform”
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Why would they … Why would they raise the interest rate now, they already did that before the law went into effect. Did you really think they were going to play by the rules???
I wish someone … I wish someone would tell me one lie that Obama has told!?!? The only problem is the status quo, do nuthin racist repubs just wont let him!!
I dont get it. The … I dont get it. The only people I ever encounter anywhere that dont like President Obama is right here on YouTube, rush limbough, and fox news! I can start a conversation and they take the lead telling me how great both the Obamas are!! If Obama can give everyone healthcare reform, I truely believe he will win re-election by a landslide!!!!
"@FreedomsReigning … "@FreedomsReigning You haven't killed youself yet. Are you that dumb?? "
Penultimate….. I see now that you've starting peppering your attacks with suicidal threats.
Remember what I told you about how smart people view you, and your constant attacks on peoples intelligence? This is another one of those situations. It's now clear that you're considering suicide because I made you look so stupid.
Don't do it. Value your own life, and thoughts. If you don't, nobody else will.
@FreedomsReigning … @FreedomsReigning You haven't killed youself yet. Are you that dumb?
UHC CEO Stephen … UHC CEO Stephen Hemsley has $745 MILLION in stock options. 2007 – $13.2mil; 2008 $3.2 mil.
CIGNA CEO Edward Hanway made $120mil in last 5yrs. Stock options = $28mil.
Humana CEO Michael McCallister's made $10.3mil in 07. $1,017,308 in 08. Stock options=$60mil.
LARGEST GOLDEN PARACHUTE in history of corporate America goes to William McGuire of UnitedHealth 1.4 BILLION DOLLARS!
How many DENIED angiograms MRI's & dialysis treatments does that take?
BLOOD MONEY!
ur so obviously a … ur so obviously a retard.
(that's right, I said it… retard)
you apparently don't know what a shill is.
those opposing health care reform are the shills.
astro-turf disingenuous little that don't know what's good or bad for them.
VIVA OBAMA!
Wow… Are these … Wow… Are these really the only kind of people Obama has left supporting him?
This is all getting too easy.
You should kill … You should kill yourself now.
The video is very … The video is very informative. Im glad that big businesses have to be accountable for their practices.
Here's an idea, … Here's an idea, stop using credit cards and stop living beyond what you can afford! It was once done and it still can be done. Stop buying into the next new thing. Stop giving up your hard earned money to wealthy bank owners! This is a solution we all should look into.
Hey. It's a low … Hey. It's a low traffic video. People have figured out that there's no point in listening to what Obama, or his cabinet have to say.
I'm just here to pick up the stragglers, and slap shills.
@FreedomsReigning … @FreedomsReigning No replys in 9 hours, Like I said no one gives a about what you think.
THE STIMULUS … THE STIMULUS CREATED UP TO 2.1 MILLION JOBS IN THE LAST 3 MONTHS OF 2009 ALONE.
According to the non-partisan CBO
The stimulus created up to 2.1 million jobs in the last three months of 2009.
It boosted the economy by up to 3.5 percent.
It lowered the unemployment rate by up to 2.1 percent during that period.
In 2010, the package expected to boost GDP by between 1.4 percent and 4 percent.
In 2010 the package expected to bring down the unemployment rate by between 0.7 percent and 1.8.
hillary was I think … hillary was I think the majority's choice. But D.C. and it's goons, "macho" like ilk don't like strong women. They are terrified she's got more balls than all of them together
Although I agree … Although I agree with you on some points, Obama has been all but absent and has not made any changes I can relate to. Hillary would have mopped this mess up in record time…let's face it, we blew it big time!
or who has paid on … or who has paid on time…
Here in MA those of us who use to drive safely and had the lowest driving score you can get (which is the best) had to pay astronomical rates to make up for people who were bad drivers (texting, drinking, etc. just plain not paying attention) but finally after years of lobbying we had it changed. This reminds me of it. Like I said, if you had good credit this will affect you poorly and you would not be so thrilled with the way it was handled.
I have red hair and … I have red hair and green eyes. My birthday is 6-6 and my mother's birthday is 8-22. In 2006 the world was supposed to? end on both of our birthdays. I am The Chosen? One from The Dead Sea Scrolls. The Best Friend and Son of God. Byron Heath Shavers,? 1-256-599-7558, Route 2,? Box 127B, Section, Jackson County, Alabama, 6518, County Road 19, Drag Strip Road, 35771.
meant to say "or … meant to say "or can't pay them on time"
I closed the … I closed the account due to this and it will now effect my credit score and a whole lot more people are going to do the same. Amex raising my rate by 3% across the board for all their customers to make up for this bill is unfair also. What I'm saying is they should have stated they cannot raise our rates NOW not going forward it gave them cart blanche to kills the consumer who already had a previous balance.
I know this is a … I know this is a step in the right direction for those people who cannot pay their bills or pay them on time…however, in the process it screwed those of us over who can. Why did I deserve a huge increase on a credit card that paid ME every month for paying it on time?
That's entirely … That's entirely fair. A change that would amount to a full "fix" of this would be radical and would have difficulty passing congress at this time, so for the time being we'll have to take smaller steps. If America ever becomes a lot more liberal (and lobbyists become less of an issue), maybe we'll see more sweeping, productive change of the sort we might like.
because of the … because of the loopholes, they just have to do it to everyone and they won't get penalized for it. My credit card went up double the finance charges and they pay ME each month for paying on time..so I just cancelled it, say no thank you…Amex raised everyone by 3% that's all they have to do is raise everyone and they're all good. They'll lose a lot of customers but they're still making billions so who cares. This is a scary bill and it won't work, we'll get raped for paying our bills on time!
but it's not the … but it's not the fix. The mere fact that the banks have to regulate this themselves is scary. Just think of some poor schelp who is already paying 30% on his card and then they hit him with fees and he doesn't know enough, who's going to stick up for him? The bank? I doubt they're going to call him and say "hey we overcharged you" You can't put the rat in charge of the cheese it won't work. If you have good credit then you'll be back here complaining soon enough believe me.
it really doesn't … it really doesn't you need to read the fine print….I mean it does get them a bit, but it doesn't stop what they could do before this went into effect. I don't use the cc that raised the rate anyway, I was just shocked they did it. I have excellent credit and those of us who pay our bills are being punished for it. Like I said Amex raised their rates by 3% prior to this, the catch is they just have to do it to everyone and not pick and choose. There are loopholes I tell you. It's a start..